Abolition of the Directors’ Retirement Benefit Scheme
First written in FY2021. 1 of 2 entries say "Achieved", first in FY2022-Q1. Latest entry: FY2022-Q1.
27 other companies' latest entry also says "Achieved".
- FY2022-Q1AchievedAnnual report
「Provision for executive retirement benefits 44,186 —」
The provision for executive retirement benefits, recorded at ¥44.186 million at the end of the previous consolidated fiscal year, was shown as “—” at the end of the first quarter of the current consolidated fiscal year. The financial statements confirm that the provision balance disappeared following the resolution to abolish the plan on 25 March 2022. - FY2021First statedAnnual report
「The executive retirement benefit plan was abolished at the conclusion of the 41st Annual General Meeting of Shareholders held on 25 March 2022. Shareholders approved the payment upon abolition of the plan of the amount payable as of its abolition, with payment to be made when each director or Audit & Supervisory Board member retires. They also approved delegating decisions on the specific amounts, procedures and other details to the Board of Directors for directors and to the Audit & Supervisory Board members for Audit & Supervisory Board members.」
The executive retirement benefit plan was abolished at the conclusion of the Annual General Meeting of Shareholders on 25 March 2022, and it was resolved that the amount payable as of the abolition date would be paid upon retirement.